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$545,000
Hamilton
229 PARKDALE Avenue North, Hamilton, Ontario, L8H5X4
This multi-family property in Hamilton is for sale offering roughly 2,625 sq ft of space. It has been on the market 55 days, fresher than the Hamilton average of 65 days.
Excellent mixed-use investment opportunity in a high-visibility location at 229 Parkdale Avenue North in Hamilton. This versatile property features a commercial storefront along with three one-bedroom residential units, offering multiple potential income streams and excellent upside for investors or owner-operators. The entire property is vacant and available for immediate occupancy or lease-up at current market rents. The upstairs has also been freshly painted and features new flooring, giving the residential space a clean, updated appearance. With no tenants in place, the property is easy to show and provides the new owner with complete flexibility. Convenient on-site parking is available at the side and rear of the building, a rare and valuable feature in the area. Positioned along a busy corridor, the commercial unit benefits from excellent exposure and accessibility, making it suitable for a variety of business uses. The building is currently serviced by one hydro meter and one gas meter, offering an opportunity for future optimization. Located close to major routes, public transit, and everyday amenities, this is a rare opportunity to acquire a fully vacant mixed-use property in a growing Hamilton neighbourhood with strong long-term potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 65 days across the listings currently for sale in this city
This 3-bed multi-family in Hamilton has been listed for 55 days, which is 10 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $545,000, about 7.8× the local median household income of $70,000.
Carrying it typically needs a household income of about $106,458 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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